Brazil Economy Grew 7.5 Percent Between Q2 and Q3, Says GDP Monitor

Despite the 7.5 percent increase in comparison to Q2, there was a 4.4 percent drop in comparison to Q3 2019.

RIO DE JANEIRO, BRAZIL - The Gross Domestic Product (GDP), the sum of all goods and services produced in the country, grew by 7.5 percent in Q3 this year compared to Q2. The data is from the Getulio Vargas Foundation (FGV) GDP Monitor, released yesterday, November 19th.

"The strong 7.5 percent growth of the Brazilian economy in Q3, partly offsets the sharp 9.7 percent retraction recorded in Q2 this year, due to the outbreak of the Covid-19 pandemic in Brazil in March. However, this growth is not enough to recover the level of economic activity which is . . .

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